Recode Studios (BSE 544755)₹419.00−1.41%Personal Care
In the Mar 2026 quarter (standalone), Recode Studios reported sales of ₹42.92 Cr, up 48.2% from Mar 2025, and net profit of ₹7.02 Cr, up 249.3% year on year. For the year to Mar 2026, sales were ₹79.86 Cr and net profit ₹11.03 Cr.
Company filings, standalone accounts; latest reported quarter Mar 2026
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Sales | 28.96 | 42.92 |
| Expenses | 24.96 | 31.94 |
| Operating Profit | 4.01 | 11.04 |
| OPM % | 12.1% | 25.0% |
| Other Income | 0.00 | 0.00 |
| Interest | 0.99 | 0.00 |
| Depreciation | 0.00 | 1.01 |
| Profit before tax | 3.01 | 10.04 |
| Tax % | 34.1% | 25.1% |
| Net Profit | 2.01 | 7.02 |
| EPS (Rs) | 1,732.79 | 9.03 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 21.97 | 36.94 | 47.93 | 79.86 |
| Expenses | 20.98 | 34.93 | 41.94 | 62.87 |
| Operating Profit | 1.01 | 2.01 | 6.02 | 17.05 |
| OPM % | 7.0% | 4.6% | 13.1% | 21.0% |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.99 | 0.99 | 1.01 |
| Depreciation | 0.00 | 1.01 | 1.01 | 1.01 |
| Profit before tax | 1.01 | 0.00 | 4.02 | 15.06 |
| Tax % | 26.1% | 26.1% | 26.1% | 25.1% |
| Net Profit | 1.01 | 0.00 | 3.01 | 11.03 |
| EPS (Rs) | 664.11 | 259.92 | 3,176.79 | 13.80 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 2.0% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.02 | 0.02 | 0.02 | 8.02 |
| Reserves | 5.02 | 5.02 | 9.03 | 12.04 |
| Borrowings | 3.99 | 7.98 | 7.98 | 5.99 |
| Other Liabilities | 3.98 | 3.02 | 6.99 | 8.95 |
| Total Liabilities | 13.00 | 17.03 | 23.01 | 35.00 |
| Fixed Assets | 0.99 | 2.01 | 1.99 | 2.99 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 12.01 | 15.02 | 21.02 | 32.01 |
| Inventories | 5.64 | 6.73 | 9.11 | 10.76 |
| Trade receivables | 3.34 | 5.97 | 8.13 | 15.45 |
| Cash & equivalents | 0.46 | 0.17 | 0.83 | 1.33 |
| Total Assets | 13.00 | 17.03 | 23.01 | 35.00 |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from operating activity | −5.01 | −1.99 | 3.01 | 4.01 |
| Cash from investing activity | −1.01 | −2.01 | −1.01 | −2.01 |
| Cash from financing activity | 6.02 | 3.01 | −1.01 | −2.01 |
| Net cash flow | 0.00 | 0.00 | 0.99 | 0.00 |
| Capex | 0.80 | 1.82 | 1.05 | 1.82 |
| Free cash flow | −5.99 | −2.99 | 1.99 | 2.99 |
| CFO / OP % | −341.9% | −89.9% | 63.1% | 73.1% |
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor days | 54 | 59 | 62 | 70 |
| Inventory days | 177 | 134 | 171 | 128 |
| Days payable | 89 | 30 | 77 | 56 |
| Cash conversion cycle | 142 | 163 | 155 | 142 |
| Working capital days | 94 | 59 | 60 | 75 |
| ROCE % | — | 11.9% | 37.9% | 74.0% |
For the Mar 2026 quarter, Recode Studios reported sales of ₹42.92 Cr, up 48.2% year on year and net profit of ₹7.02 Cr, up 249.3% year on year. The operating margin was 25.0%.
Recode Studios' sales for the year to Mar 2026 were ₹79.86 Cr.
Net profit for the year to Mar 2026 was ₹11.03 Cr. Earnings per share over the same trailing period were ₹13.80.
Recode Studios reported borrowings of ₹5.99 Cr at Mar 2026, against cash and equivalents of ₹1.33 Cr.
Cash from operations was ₹4.01 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹2.99 Cr.